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PNC Provides $40 Million to Xerium Technologies

July 08, 2013, 07:51 AM
Filed Under: Manufacturing
Related: PNC Bank

PNC announced it provided a $40 million senior secured revolving line of credit for Raleigh, N.C., based Xerium Technologies, Inc. In addition to an asset-based revolver that provides for both Canadian and U.S. Dollar advances, PNC will also provide treasury management and foreign exchange services.

Xerium is a leading global manufacturer and supplier of industrial consumables for machines used primarily in the production of paper and paperboard, as well as other specific industrial applications. The company has operations in North America, Europe, South America and the Asia Pacific.

PNC lending and treasury management products and services are provided by PNC Bank, N.A., a member of The PNC Financial Services Group, Inc.  

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